A typical necktie requires 30 yards of fabric, most of which is trimmed off in its making. An inner lining is added requiring another 20 yards of cloth, plus a fabric insert intended to stiffen the form. It requires hours and hours of stitching besides. This is topped off with a tiny tag that costs a fortune, and is hidden so that no one can see it.
If its job is to fall into a soup bowl or catch blobs of ketchup, it certainly is doing its job, though a bib would do a much better job.